Conflux Network Probability of Future Crypto Coin Price Finishing Under 0.01
| CFX Crypto | USD 0.24 0.01 4.35% |
Conflux |
Conflux Network Target Price Odds to finish below 0.01
The tendency of Conflux Crypto Coin price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 0.01 or more in 90 days |
| 0.24 | 90 days | 0.01 | near 1 |
Based on a normal probability distribution, the odds of Conflux Network to drop to $ 0.01 or more in 90 days from now is near 1 (This Conflux Network probability density function shows the probability of Conflux Crypto Coin to fall within a particular range of prices over 90 days) . Probability of Conflux Network price to stay between $ 0.01 and its current price of $0.24 at the end of the 90-day period is about 24.42 .
Assuming the 90 days trading horizon the crypto coin has the beta coefficient of 3.6 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Conflux Network will likely underperform. Additionally Conflux Network has an alpha of 0.0687, implying that it can generate a 0.0687 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Conflux Network Price Density |
| Price |
Predictive Modules for Conflux Network
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Conflux Network. Regardless of method or technology, however, to accurately forecast the crypto coin market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the crypto coin market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Conflux Network's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Conflux Network Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Conflux Network is not an exception. The market had few large corrections towards the Conflux Network's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Conflux Network, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Conflux Network within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.07 | |
β | Beta against NYSE Composite | 3.60 | |
σ | Overall volatility | 0.09 | |
Ir | Information ratio | 0.03 |
Conflux Network Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Conflux Network for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Conflux Network can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Conflux Network had very high historical volatility over the last 90 days | |
| Conflux Network has some characteristics of a very speculative cryptocurrency |
Conflux Network Technical Analysis
Conflux Network's future price can be derived by breaking down and analyzing its technical indicators over time. Conflux Crypto Coin technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Conflux Network. In general, you should focus on analyzing Conflux Crypto Coin price patterns and their correlations with different microeconomic environments and drivers.
Conflux Network Predictive Forecast Models
Conflux Network's time-series forecasting models is one of many Conflux Network's crypto coin analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Conflux Network's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the crypto coin market movement and maximize returns from investment trading.
Things to note about Conflux Network
Checking the ongoing alerts about Conflux Network for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Conflux Network help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Conflux Network had very high historical volatility over the last 90 days | |
| Conflux Network has some characteristics of a very speculative cryptocurrency |
Check out Conflux Network Backtesting, Portfolio Optimization, Conflux Network Correlation, Cryptocurrency Center, Conflux Network Volatility, Conflux Network History as well as Conflux Network Performance. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.